Avonmore Capital & Management Services Limited — QIP/Rights/Pref., 06-12-2024: Rights Issue

Avonmore Capital & Management Services Ltd. has announced a board meeting approving a rights issue of up to ₹49 crore, offering 4,86,56,708 fully paid-up equity shares at ₹10 each (including a premium of ₹9). The rights entitlement ratio is 5 shares for every 24 shares held as of the record date, December 12, 2024. The rights issue opens on December 23, 2024, and closes on January 6, 2025. Assuming full subscription, the total outstanding equity shares will increase from 23,35,32,200 to 28,21,88,908. The details will be included in the filing to the exchanges.